Blockchain and Artificial Intelligence (AI) are proving to be a powerful double act, coming together to deliver unique features and benefits for a growing list of industries and applications. In fact, you can already find blockchain integration with AI adding value and security to everything from food supply chains and healthcare record systems to managing media royalties and financial services.

Every business has a supply chain. It can involve the linkage of materials, parts, products, services, processes, individuals, departments, organisations and companies. In fact, almost any key component of the business can be part of the supply chain. This makes fast, efficient and secure supply chain management essential for a successful, profitable enterprise; and yet there is a huge and variable array of disparate technologies supporting those key linkages.

Telecommunications has always been at the forefront of embracing disruptive technologies to create new business models and revenue streams, but the TMT sector is yet to harness the full potential of blockchain technology. Within the telecoms industry, blockchain has the potential to make a significant impact on everything from interconnects, partner management, identity management and mobile payments, as well as internal improvements to operations and automation.

Our health is a very personal and private issue. Yet, in the past 12 months, according to the HIPAA, over 34 million patient records have been exposed to data breaches in the US healthcare ecosystem. Confidential health information, genetic data and financial details have all been stolen. The pandemic has also put the focus on the pharmaceutical industry and their security challenges to keep research and intellectual property safe as well as securing the supply chain.

Blockchains are not new – they have been around since 2008. A blockchain is simply a distributed database or ledger technology, which stores and manages files of information into groups of data – so-called blocks – which are cryptographically signed and linked together to form a chain. Hence blockchain. Each block also contains a record of exactly when it was created to produce a complete timeline history, which cannot be corrupted, lost or changed.

Tech start-up Haidrun has announced its arrival in the fast-growing blockchain market with the launch of its new Haidrun private blockchain platform. With early generations of blockchain offering robustness and trust, but at the expense of confidentiality, performance and cost, Haidrun’s new technology is designed to bridge this gap and specifically address the needs of enterprise customers.